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gavmur [86]
3 years ago
12

In confirming with an outside agent, such as a financial institution, that the agent is holding investment securities in the cli

ent's name, an auditor most likely gathers evidence in support of relevant financial statement assertions about existence or occurrence and:_______.
1. Completeness.
2. Valuation and allocation.
2. Valuation and allocation.
3. Rights and obligations.
4. Classification and understandability.
Business
1 answer:
marissa [1.9K]3 years ago
8 0

Answer:

3. Rights and obligations.

Explanation:

This evidence is in support of relevant financial statement assertions about existence or occurrence and Rights and obligations. Even though a specific confirmation request does not test all assertions equally well. Especially since more than one agent may be holding securities for a single client which may or may not be specified within the request.

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The rule of 70 is a measure of how long it will take for prices to __________ at a given inflation rate.
swat32

Answer:

A. double

Explanation:

Rule 70 is used to calculate the numbers of years it takes for an investment  or variable to double in value given a certain growth rate. In this case, the variable is prices and the growth rate is  inflation  rate. It is calculated by dividing number 70 by inflation rate.

For example;

Assume inflation rate is 6%, the prices will double in ; 70/6 = 11.7 years

And if inflation is 2%, the prices will double in 70/2 = 35 years

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False....Get a A lol your welcome
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Susan is initially offered a new SUV for $24,000 and agrees to buy it. But when the sales manager comes back after getting some
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The increase of the new SUV from $24,000 to $26,000 after the agreement illustrates a low-balling technique.

<h3>What is a low-balling technique?</h3>

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Hence, the increase of the new SUV from $24,000 to $26,000 after the agreement illustrates a low-balling technique.

Read more about low-balling technique

<em>brainly.com/question/14565653</em>

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